If you’re asked for three percentages—Enrollment Premium, SLCSP, and APTC—on a “Shared Policy” screen, you’re working with Shared Policy Allocation for Form 8962. These percentages aren’t listed on your Form 1095-A. You and the other taxpayer decide how to split the tax responsibility and credit.
The shared policy allocations are agreed upon by you and the other policyholders, such as a parent, an ex-spouse, or a child filing their own taxes. The IRS lets you choose any percentage from 0% to 100%, as long as the total between both tax returns adds up to 100%.
Example: If your parents are claiming 100% of the policy and you are just "bypassing" the form on your own return, you would enter 0% for all three boxes. Your parents would enter 100% on theirs.
The Rule: You generally must enter the same percentage in all three boxes (Premium, SLCSP, and Advance Payment) unless you have an extremely complex legal situation.
If you cannot agree on a split, or if you aren't in contact with the other person, the IRS provides a default formula based on the number of people who are on the policy. For an example, if there are 4 people on the policy and you are 1 of them filing separately, your percentage is 25%.
Before you determine your policy percentages, you should mutually agree on the percentage each of you will make to avoid any problems with your return.
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